Oil producers will be hit with higher costs in their supply chains if the Trump administration moves ahead with sweeping tariffs, according to a new report published by Wood Mackenzie.

Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and ...

Oil prices edged higher on Friday but were set for a weekly decline, under pressure from market expectations of oversupply ...

The oil sector faced volatility throughout the first quarter of 2025. Concerns around weak demand, increasing supply and ...

The intensifying trade dispute between the U.S. and China has heightened fears of a global recession, which could significantly reduce crude oil demand. China’s recent imposition of 34% tariffs on all ...

“As global demand for biofuels has risen, securing reliable shipping solutions has become complex and costly. In order to ...

The Organization of the Petroleum Exporting Countries reduced its oil-demand outlook for this year and next, citing the ...

Crude oil futures are down about 13% since President Donald Trump announced his sweeping tariff plan on April 2.

President Donald Trump’s trade war could cause global oil demand growth to fall by nearly a third this year, the Energy Information Administration said Thursday. The forecast from the EIA ...

A double whammy of demand threats from global tariff war and increased supply has opened up the way for considerable downside volatility in oil markets, analysts say. “Premiums for downside ...

The combination of growing supply and lower demand leads EIA to expect the Brent crude oil price to average less than US$70/bbl in 2025 and fall to an average of just over US$60/bbl in 2026. Those ...